Telecom Argentina (NYSE:TEO) Shares Gap Up – Should You Buy?

Telecom Argentina S.A. (NYSE:TEO)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $11.59, but opened at $12.15. Telecom Argentina shares last traded at $11.64, with a volume of 144,016 shares traded.

Analyst Ratings Changes

Several analysts recently weighed in on TEO shares. StockNews.com raised Telecom Argentina from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. upgraded Telecom Argentina from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $10.00 to $13.00 in a report on Tuesday. Finally, The Goldman Sachs Group upped their price target on Telecom Argentina from $7.30 to $8.30 and gave the company a “sell” rating in a research report on Wednesday, November 20th.

Telecom Argentina Trading Down 0.8 %

The firm has a market cap of $5.17 billion, a P/E ratio of -66.30 and a beta of 0.92. The business’s 50-day moving average is $12.39 and its two-hundred day moving average is $10.56. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.31.

Institutional Trading of Telecom Argentina

Institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC grew its stake in Telecom Argentina by 113.3% during the 4th quarter. GAMMA Investing LLC now owns 3,917 shares of the utilities provider’s stock worth $49,000 after buying an additional 2,081 shares during the last quarter. Advisors Preferred LLC bought a new position in shares of Telecom Argentina during the fourth quarter worth about $75,000. Atlas Capital Advisors Inc. acquired a new stake in shares of Telecom Argentina in the 4th quarter worth about $106,000. OLD Mission Capital LLC bought a new stake in Telecom Argentina in the 4th quarter valued at about $133,000. Finally, XTX Topco Ltd acquired a new position in Telecom Argentina during the 3rd quarter valued at about $80,000.

Telecom Argentina Company Profile

Telecom Argentina SA, together with its subsidiaries, provides telecommunications services. The company offers mobile telecommunications services, including voice communications, high-speed mobile Internet content and applications download, online streaming, and other services; and sells mobile communication devices, such as handsets, Modems MiFi and wingles, and smart watches.